COPX


Copper Miners ETF

Reasons to Consider COPX

High Growth Potential

Forecasts suggest copper consumption will reach 43mm metric tonnes by 2050, up from 26mm in 2022.1 However, supply may not keep up with rising demand, and such an imbalance could support copper prices and present opportunities for miners.

Structural Tailwinds

Copper is an essential input in electric vehicles, renewable energy storage, and other forms of next-generation infrastructure that we expect to gain popularity.

ETF Efficiency

In a single trade, COPX delivers efficient access to a basket of companies involved in the mining of copper.

1BloombergNEF, Jun 2023

Key Information As of 03/01/24

Inception Date 04/19/10
Total Expense Ratio 0.65%
Net Assets $1.40 billion
NAV $36.44

ETF Summary

The Global X Copper Miners ETF (COPX) provides investors access to a broad range of copper mining companies.

ETF Objective

The Global X Copper Miners ETF (COPX) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Solactive Global Copper Miners Total Return Index.

Trading Details As of 03/01/24

Ticker COPX
B3 Trading Code BCPX39
Bloomberg Index Ticker SOLGLOCO
CUSIP 37954Y830
ISIN US37954Y8306
Primary Exchange NYSE Arca
Shares Outstanding 38,439,374
Number of Holdings 38
30-Day Median Bid-Ask Spread 0.14%

Distributions As of 03/01/24

30-Day SEC Yield 1.25%
Distribution Frequency Semi-Annually

ETF Prices As of 03/01/24

NAV $36.44 Daily Change $0.45 1.25%
Market Price $36.45 Daily Change $0.47 1.31%

Performance History

Cumulative Returns (as of 02/29/24)
1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
Return COPX -1.18% -3.78% -4.96% -2.42% -8.80% 12.06% 04/19/10
Returns (as of 02/29/24)
Return COPX Return Index
Since Inception 12.06% 19.34%
12 Months -4.29% -4.95%
24 Months -15.40% -17.23%
Last 60 Trading Days 5.48% 5.45%
Last 75 Trading Days 13.25% 13.25%
Monthly Returns (through 02/29/24)
Return COPX Return Index
Mar 2024 0.00% 0.00%
Feb 2024 -1.18% -1.84%
Jan 2024 -3.81% -3.34%
Dec 2023 10.99% 11.14%
Nov 2023 5.20% 5.24%
Oct 2023 -10.22% -10.24%
Sep 2023 -3.42% -4.20%
Aug 2023 -9.25% -9.20%
Jul 2023 11.51% 10.80%
Jun 2023 10.56% 11.90%
May 2023 -12.52% -12.95%
Apr 2023 1.62% 1.63%
Mar 2023 2.58% 2.65%
Feb 2023 -8.05% -8.99%
Jan 2023 15.76% 17.52%
Dec 2022 0.58% 0.59%
Nov 2022 23.85% 22.54%
Oct 2022 1.35% 1.39%
Sep 2022 -5.52% -5.66%
Aug 2022 -0.55% -0.49%
Jul 2022 -1.02% -1.06%
Jun 2022 -19.34% -18.89%
May 2022 -1.77% -3.30%
Apr 2022 -12.97% -12.88%
Mar 2022 7.80% 7.81%

Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

NAV & Index Chart

Top Holdings As of 03/01/24

Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
6.14 ANTO LN ANTOFAGASTA PLC United Kingdom 0045614 22.99 3,738,792 85,959,573.12
5.86 IVN CN IVANHOE MINES LTD-CL A Canada BD73C40 10.58 7,755,123 82,057,527.26
5.29 LUN CN LUNDIN MINING CORP Canada 2866857 7.98 9,294,027 74,132,766.55
4.95 SCCO SOUTHERN COPPER CORP United States 2823777 80.66 860,132 69,378,247.12
4.92 2899 HK ZIJIN MINING-H Hong Kong 6725299 1.64 41,982,260 68,853,265.86
4.71 FCX FREEPORT-MCMORAN INC United States 2352118 37.93 1,740,717 66,025,395.81
4.64 KGH PW KGHM POLSKA MIEDZ SA Poland 5263251 27.38 2,375,836 65,055,456.37
4.59 BHP AU BHP GROUP LTD Australia 6144690 29.35 2,189,399 64,250,634.08
4.34 TECK/B CN TECK RESOURCES LTD-CLS B Canada 2879327 39.23 1,549,379 60,786,188.11
4.23 BOL SS BOLIDEN AB Sweden BPYTZ57 25.91 2,287,396 59,271,486.95
4.20 5713 JP SUMITOMO MET MIN Japan 6858849 26.38 2,230,501 58,851,053.86
3.93 SFR AU SANDFIRE RESOURCES LTD Australia 6739739 4.97 11,078,891 55,007,592.39
3.89 GLEN LN GLENCORE PLC United Kingdom B4T3BW6 4.84 11,261,618 54,498,365.23
3.80 5711 JP MITSUBISHI MATERIALS CORP Japan 6597089 17.60 3,024,048 53,209,144.33
3.65 HBM CN HUDBAY MINERALS INC Canada B05BDX1 6.07 8,418,831 51,062,749.18
3.60 CS CN CAPSTONE COPPER CORP Canada BMY5XY9 5.13 9,827,446 50,397,158.97
3.37 NDA GR AURUBIS AG Germany 5485527 63.95 739,049 47,263,132.10
2.95 358 HK JIANGXI COPPER CO LTD-H Hong Kong 6000305 1.54 26,769,701 41,305,146.01
2.57 ERO CN ERO COPPER CORP Canada BF02Z72 17.76 2,027,027 36,001,136.24
2.52 FIL CN FILO CORP Canada BMDHMH2 16.50 2,137,975 35,274,023.98
2.09 2099 HK CHINA GOLD INTER Hong Kong B60FNV8 4.96 5,895,100 29,253,370.16
1.84 FM CN FIRST QUANTUM Canada 2347608 9.52 2,702,602 25,724,822.58
1.44 1258 HK CHINA NONFERROUS Hong Kong B890GY2 0.71 28,317,800 20,219,249.20
1.40 1208 HK MMG LTD Hong Kong 6728793 0.28 69,819,300 19,619,678.12
1.37 AMAK AB AL MASANE AL KOB United States BNNVLT6 15.60 1,227,952 19,154,518.84
1.17 NGEX CN NGEX MINERALS LTD Canada BKDKBL4 5.87 2,793,983 16,410,333.65
1.03 FOM CN FORAN MINING CORPORATION Canada 2355731 2.90 4,978,917 14,438,032.70
0.91 ALS CN ALTIUS MINERALS Canada 2122355 13.36 951,896 12,713,017.97
0.78 TGB TASEKO MINES LTD United States 2592066 1.57 6,917,144 10,859,916.08
0.74 2362 HK JINCHUAN GROUP Hong Kong 6373988 0.09 121,592,700 10,405,812.88
0.73 ATYM LN ATALAYA MINING PLC United Kingdom BYZTVM8 4.21 2,416,876 10,183,724.00
0.62 CAML LN CENTRAL ASIA METALS PLC United Kingdom B67KBV2 2.00 4,378,680 8,742,954.62
0.55 1515 JP NITTETSU MINING CO LTD Japan 6641027 33.57 231,075 7,757,655.29
0.37 SLS CN SOLARIS RESOURCES INC Canada BMQ5701 2.88 1,793,585 5,161,395.68
0.36 DVP AU DEVELOP GLOBAL LTD Australia BNVQGB0 1.60 3,148,731 5,039,812.73
0.21 SOLG LN SOLGOLD PLC United Kingdom B0WD0R3 0.08 38,194,500 2,909,412.75
0.15 29M AU 29METALS LTD Australia BNNVRL0 0.23 9,317,173 2,160,853.22
0.08 CASH United States 1.00 1,161,929 1,161,929.43
0.00 OTHER PAYABLE & RECEIVABLES United States 1.00 46,231 46,231.00
0.00 BRITISH STERLING POUND United States 1.27 17,965 22,731.38
0.00 MEXICAN PESO United States 0.06 134,309 7,897.96
0.00 EURO United States 1.08 13 14.13
0.00 SARKY TI SARKUYSAN Turkey B03MXB4 1.08 1 0.81
0.00 AUSTRALIAN DOLLAR United States 1.00 0 0.01
0.00 JAPANESE YEN United States 0.00 -2 -0.01
0.00 CANADIAN DOLLAR United States 0.74 -5,812 -4,288.63
Holdings are subject to change. "Cash" denotes U.S. dollars.

Sector Breakdown As of 01/31/24

Sector Weight (%)
Materials 100.0

Source: AltaVista Research, LLC

Country Breakdown As of 01/31/24

Country Weight (%)
Canada 35.1
United States 10.2
Australia 9.2
Japan 9.0
China 8.7
Britain 6.9
Poland 4.8
Switzerland 4.3
Sweden 4.3
Germany 3.7
Hong Kong 1.9
Other/Cash 1.9

Source: AltaVista Research, LLC

ETF Characteristics As of 02/29/24

Return on Equity 9.30%
Weighted Avg. Market Cap 23,792 M
2023 2024
Price-to-earnings 17.83 12.64
Price-to-book value 1.22 1.14

Source: AltaVista Research, LLC

ETF Risk Stats As of 01/31/24

Versus Beta
S&P 500 1.16
MSCI EAFE 1.56
MSCI Emg. Mkts 1.43
Standard Deviation 35.60%

Source: AltaVista Research, LLC

TERMS OF USE

Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

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